TEO IPTV passes the 100,000 subscriber mark in 3Q 2013

The total consolidated revenue of TEO Group, the largest provider of integrated telecommunication, IT and TV services in Lithuania, for the third quarter of 2013, compared with the second quarter 2013, increased by 1.9 per cent up to LTL 181 million. The revenue increase was a result of Company’s implemented several major IT projects, growing number of Internet and television services’ customers.

The number of customers using the “Interaktyvioji GALA” (Interactive GALA) IPTV service exceeded 100 thousand. Over the last 12 months, the number of the Company’s IPTV service users increased by 15.2 per cent. The total number of TV service users at the end of September amounted to 171 thousand. The Company’s revenue from all TV services grew by 10 per cent.

Number of TV services customers

         30-09-2013  30-09-2012  Change (%)
         ----------  ----------  ----------
Total       171,041     161,921         5.6
  IPTV      102,658      89,076        15.2
  DVB-T      68,383      72,845       (6.1)

According to the data of the Communications Regulatory Authority (CRA) of the Republic of Lithuania, in the second quarter of 2013 TEO market share of the Internet access services market in terms of revenue amounted to 42.6 per cent, while in terms of revenue from digital television services – 43 per cent.